EconPapers    
Economics at your fingertips  
 

Study on the evolution of thermal power generation and its nexus with economic growth: Evidence from EU regions

Bolin Yu, Debin Fang and Feng Dong

Energy, 2020, vol. 205, issue C

Abstract: Under the background of climate change, an important role has been identified for power industry in low-carbon transition, it is essential to uncover the evolution of thermal power generation and its nexus with economic growth. In the case of the European Union (EU) 25 countries spanning 1997–2017, we examine the convergence process of thermal electricity generation and its influencing factors through the combined econometric and decomposition analysis, and then investigate the decoupling relationship between economic growth and thermal electricity generation. The results specify that: (1) Both absolute and conditional β-convergence in the share of thermal electricity generation (STEG) are demonstrated across the EU countries, and there exists an inverted-U shaped relationship between economic growth and STEG. (2) LMDI decomposition shows economic growth and electricity security contribute to increasing thermal electricity generation in most EU countries, while the substitution effect, electricity intensity and technological structure negatively influence thermal electricity generation. (3) The number of EU countries in strong decoupling rises from 3 during 1997–2007 to 18 during 2007–2017. (4) Most EU countries have made efforts to promote the decoupling of thermal electricity generation except France and Portugal. Seeking alternative electricity sources instead of electricity import is the most effective decoupling effort.

Keywords: Thermal electricity generation; Convergence analysis; Index decomposition analysis; Decoupling efforts; European union (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544220311609
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:205:y:2020:i:c:s0360544220311609

DOI: 10.1016/j.energy.2020.118053

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Haili He ().

 
Page updated 2020-10-03
Handle: RePEc:eee:energy:v:205:y:2020:i:c:s0360544220311609